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Wedbush's Dan Ives on Tesla (TSLA): 'Musk needs to step up as Tesla CEO at this critical juncture'

March 11, 2025 8:32 AM EDT

Wedbush analyst Daniel Ives reiterated an Outperform rating and $550.00 price target on Tesla (NASDAQ: TSLA)

The analyst comments "Musk needs to step up as Tesla CEO at this critical juncture. In a nutshell the word "balance" has been missing with Elon Musk and his ability to run Tesla as CEO....while instead focusing all of his energy and time driving his DOGE initiative within the Trump Administration. Since Trump's White House 2nd term kicked off in January we have seen Musk and Trump connected at the hip with Musk essentially living... More